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allocation at which a pair of agents gain from trading their assigned objects. Remarkably, even in the larger set of pair …
Persistent link: https://www.econbiz.de/10015419617
satisfy RGSP, but is only necessary for the Top Trading Cycles rule. For the allocation of divisible private goods among …
Persistent link: https://www.econbiz.de/10012806548
willingness to pay for quality, as well as a publicly observed label. A market designer controls allocation and pricing of a set …
Persistent link: https://www.econbiz.de/10012833161
We introduce a new notion of ex-post efficiency for random assignment problems, namely ex-post rank efficiency that gives a maximal number of agents their favored objects. An ex-post rank efficient random assignment is a lottery over rank efficient deterministic assignments, in the sense of...
Persistent link: https://www.econbiz.de/10013307297
to the players. The allocation(s) that AL yields are Pareto-optimal, envy-free, and maximal; as the number of items …
Persistent link: https://www.econbiz.de/10013081091
In the allocation of indivisible objects under weak priorities, a common practice is to break the ties using a lottery …-sided matching markets. It is shown that the set of ex-ante fair random allocations forms a complete and distributive lattice under …
Persistent link: https://www.econbiz.de/10014635425
establish that on domains including nonquasi-linear preferences, that is, preferences exhibiting income effect, an allocation … and it is the Vickrey allocation rule. -- Vickrey auction ; allocation rule ; income effect ; strategy-proofness …
Persistent link: https://www.econbiz.de/10003246504
We study priority-based matching markets with public and private endowments. We show that efficiency-adjusted deferred …
Persistent link: https://www.econbiz.de/10012846503
The allocation and exchange of discrete resources, such as transplant organs, pub- lic housing, dormitory rooms, and … our construction to show what can and what cannot be achieved in a variety of allocation and exchange problems, and we …
Persistent link: https://www.econbiz.de/10011704830
We study the allocation of indivisible objects under the general endowment structures proposed by Pápai (2000) – the … after subsets of agents are matched and removed. For any consistent inheritance structure and any given matching, we define … each consistent inheritance structure, Pápai’s hierarchical exchange rule produces the unique core allocation and is …
Persistent link: https://www.econbiz.de/10014345847